Telecommunications Policy Article by Thomas Hazlett

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From: Manhattan Institute <tmi@xxxxxxxxxxxxxxxxxxxxxxx>
Date: Fri, 25 Mar 2005 12:38:17 -0500
To: Manhattan Institute <tmi@xxxxxxxxxxxxxxxxxxxxxxx>
Subject: Latest Article by Thomas Hazlett


Thomas W.  Hazlett <http://www.manhattan-institute.org/html/hazlett.htm>
is a Manhattan Institute Senior Fellow. His research  focuses on law and
economics, with particular emphasis on  telecommunications policy.


Press inquiries can be directed  to the Manhattan Institute Communications
Department <mailto:communications@xxxxxxxxxxxxxxxxxxxxxxx> , 212.599.7000
March 25, 2005

  Is  Microsoft toast?

  <http://news.ft.com/cms/s/0fa4c038-9c8b-11d9-b1c2-00000e2511c8.html>
Thomas W. Hazlett, FT.com, March 24,  2005
The US government proved that Microsoft possessed, and  illegally exploited,
monopoly power in the "antitrust case of the  century", the six-year action
that ended in July 2004. The Final  Judgment allowed Microsoft to remain
whole, but imposed conditions  that permit rival software makers to tuck
their products into its  Windows operating system. Anti-Microsoft groups
were outraged; a  spokesman for one said: "This decision represents the
failure of  antitrust laws in the high-tech industry...An unrestrained
monopolist in the most vibrant sector of the economy cannot be good  for
America." The critics were right: the Government's remedies have had little
impact. Yet today customers are flocking to Microsoft's competitors.
Hammered on multiple fronts by opportunistic rivals, the high-flying
starship of the PC Age has stalled, and many wonder if it will now  crash
and burn... Columnists <http://news.ft.com/comment/columnists> /New Economy
Policy Forum  <http://news.ft.com/comment/columnists/neweconomy> Exclusively
to FT.com, Lawrence Lessig, Richard  Epstein, Eli Noam and Thomas Hazlett
debate the regulatory and legal  issues generated by - and also shaping -
the high-tech  industries.
The forum runs on a fortnightly cycle, starting on  alternate Thursdays with
a long essay by one of the contributors,  followed by responses from one or
more of the others.


Manhattan  Institute for Policy Research
<http://www.manhattan-institute.org/>


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